30-Year Mortgage Rate Tops 3% for First Time Since July

Americans who purchased new homes or refinanced their mortgages over the past few months may have done so at just the right moment. 


 
Long Before Greensill Imploded, Credit Suisse Saw Danger

Credit Suisse knew since 2019 that supply-chain finance funds it ran with Greensill were too reliant on a small group of insurers to protect investors against default and failed to remedy the situation, according to people familiar with the funds. 


 
SEC to Hunt for Climate-Friendly Marketing That Misleads Investors

A Securities and Exchange Commission task force will pursue public companies or fund managers if they deceive investors over strategies to address climate change risks. 


 
Powell Confirms Fed to Maintain Easy-Money Policies Until Economy Recovers

Federal Reserve Chairman Jerome Powell reaffirmed his intention of keeping easy-money policies in place until the labor market improves much further, but provided no sign the central bank will seek to stem a recent rise in Treasury yields. 


 
BUZZ, the ETF of Social-Media Darlings, Drops in Trading Debut

The exchange-traded fund doesn't include GameStop or AMC, but it does have Tesla, DraftKings and other stocks frequently talked up on Reddit and Twitter. 


 
Dollar Strength Confounds Investors and Sparks Some Worries

The greenback is up almost 2% against a basket of other currencies since its low in early January. Its gains are a sign that a coordinated global recovery isn't going as well as hoped, according to investors. 


 
Insurance Startup Hippo to Go Public in $5 Billion SPAC Merger

Hippo is teaming with a special-purpose acquisition company to go public, the latest insuretech business to tap equity markets and challenge traditional insurers head-on. 


 
Cathie Wood's ARK Investment Faces Reckoning as Tech Trade Stalls

The firm's exchange-traded funds are underperforming as investor sentiment shifts toward cyclical shares tied to an economic upswing. 


 
Aviva Reports Lower Profits, Italy Exit

Aviva reported a modest drop in operating profit for 2020 to $3.16 billion and said it expects to make substantial returns to shareholders after a number of disposals, including its Italian assets. 


 
Nordax Offers $2.1 Billion for Bank Norwegian Owner

Sweden's Nordax Bank said it will launch a $2.1 billion bid for Norwegian Finans, owner of the internet bank started by Norwegian Air's founder to support the airline.

(END) Dow Jones Newswires

03-05-21 0015ET